Special situations fund Oaktree Capital topped the list, lending $ 1.6 billion across five deals. Kotak Alternative Asset Managers followed as the second-largest lender, with a total amount of $866 million across 10 deals followed by Varde Partners with $791 million across 11 deals, the report revealed.
Last year, Oaktree alongwith JP Morgan, lent $550 million to Vedanta for refinancing holding company debt. It also did a $361 million asset securitisation deal with Indiabulls Housing Finance.
Kotak Alternate Asset Managers lent $129 million to Biocon Biologics and another $132 million to Bharat Hotels.
Varde lent $96 million to GMR airports towards refinancing. It also took part in $1.7 billion loan syndication for Shapoorji Pallonji by private credit funds.
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